Railroad Land Grant Development Act of 1981

[AI summary unavailable — showing source text] Railroad Land Grant Development Act of 1981 - Amends the Mineral Leasing Act of 1920 to repeal the limitation on the acquisition of a coal lease or permit by a railroad. Requires a railroad leasing public lands adjacent to grant lands held by the railroad to annually determine its net revenues from resource development and to use at least 33 1/3 percent of such revenues for the operation and maintenance of the railroad, and of that 33 1/3 percent at least 33 1/3 percent must be used to operate and maintain railroad branchlines.…